Syria: $12Bn Oil Losses
Syria’s hydrocarbon industry has suffered losses estimated at S£1,156bn ($11.7bn at current official rate of $1=S£98.6) since the beginning of the uprising more than two years ago. These include direct losses of S£69.4bn ($704mn) to the government from the “theft” of oil and gas (including burning), official daily al-Thawrah reports quoting Syrian Oil Ministry sources.